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==Economy== [[File:Front 301 Sundance.jpg|thumb|right|The Texas Guaranteed Student Loan Corporation headquarters in Round Rock]] [[File:Dell RR1.jpg|thumb|right|Dell headquarters in Round Rock]] The City of Round Rock has maintained a high quality of life while becoming a major center for economic growth in Central Texas, with industry clusters in clean energy, advanced manufacturing, life sciences, and computer/software development.<ref name="About Round Rock"/> Round Rock has more than 20 major employers<ref name="Roundrockchamber.org">{{cite web|url=http://www.roundrockchamber.org/Major-Employers.83.0.html|title=Round Rock Chamber of Commerce: Major Employers|publisher=Roundrockchamber.org|access-date=March 19, 2010|url-status=dead|archive-url=https://web.archive.org/web/20100308093250/http://www.roundrockchamber.org/Major-Employers.83.0.html|archive-date=March 8, 2010}}</ref> including: [[Cerilliant Corporation]], [[Cintas]], [[Dell]], [[Dresser Industries|Dresser]], [[Emerson Process Management]], [[Hospira]], [[IKEA]], KoMiCo Technology Inc., [[Premium Outlets|Round Rock Premium Outlets]], [[Prudential Overall Supply]], [[Sears]] Customer Care, Texas Guaranteed Student Loan Corp, [[Tekscend Photomask]], and [[Westinghouse Licensing|TECO-Westinghouse]].<ref name="About Round Rock"/> ===Dell corporate headquarters=== Dell, a [[multinational corporation|multinational]] [[computer]] and [[information technology]] corporation based in Round Rock, develops, sells and supports computers and related products and services. The company employs about 11,500 people in the Round Rock facilities,<ref name="bizjournals.com"/> and as of 2017, about 138,000 people worldwide.<ref name="GreenHQ">"[https://www.statista.com/statistics/264917/number-of-employees-at-dell-since-1996/ Number of employees at Dell from 1996 to 2017.]" ''Statista: The Statistics Portal''. Retrieved on April 12, 2019.</ref> Dell was originally based in Austin after its formation in 1984 as ''PC's Limited'' by UT college student [[Michael Dell]]. With the need for significant space as it expanded, the City of Round Rock in 1996 offered Dell a "Chapter 380" agreement by offering to split sales tax revenue from in-state sales 50/50 between Dell and the city. (A "Chapter 380" agreement is named for the chapter in [[Law of Texas#Legislation Vernon's Statutes|Vernon's Statues]] that permits sales tax revenue sharing for [[economic development]] purposes.) It was the first time such an agreement had been used in [[Central Texas]] and among the first in the state.<ref name="nl.newsbank.com">Jacobs, Janet. "[http://nl.newsbank.com/nl-search/we/Archives?p_product=AASB&p_theme=aasb&p_action=search&p_maxdocs=200&p_topdoc=1&p_text_direct-0=0E9C23E34AFB39E9&p_field_direct-0=document_id&p_perpage=10&p_sort=YMD_date:D&s_trackval=GooglePM Cash flow from Dell lets Round Rock boost budget]." ''[[Austin American-Statesman]]''. September 9, 1999. A1. Retrieved on May 4, 2010. "Almost half the city's general fund comes from sales tax at Dell's headquarters."</ref> As of 1999, approximately half of the general fund of the City of Round Rock originates from sales taxes generated from the Dell headquarters.<ref name="nl.newsbank.com"/> Today, the company is one of the largest technology companies in the world, listed as number 38 on the ''[[Fortune 500]]'' (2010). ''[[Fortune (magazine)|Fortune]]'' also lists Dell as the #5 most admired company in its industry. As part of its clean energy program in 2008, Dell switched the power sources of the Round Rock headquarters to more environmentally friendly ones, with 60% of the power coming from [[TXU Energy]] [[wind farm]]s and 40% coming from the Austin Community Landfill [[Landfill gas|gas-to-energy]] plant operated by [[Waste Management, Inc]]. ===Commercial and retail=== Round Rock's largest commercial and office business center is [[La Frontera (Round Rock, Texas)|La Frontera]], at the intersection of Loop 1, SH 45, and IH-35. La Frontera combines multi-tenant offices, company headquarters facilities, {{convert|1000000|sqft|m2|sigfig=1}} of retail,<ref name=Village>{{cite news |url=http://www.bizjournals.com/austin/stories/2002/06/10/story1.html |title=La Frontera Village for sale |newspaper= [[Austin Business Journal]] |date=June 10, 2002 |access-date=May 30, 2010 }}</ref> and several apartment complexes and other smaller retail and housing centers. The project also includes Williamson County's largest hotel, the Austin North [[Marriott Hotels & Resorts|Marriott]], which provides space for large conferences, meetings, and banquets β a first for the county and an important component of Round Rock's economic efforts.<ref>{{cite web|url=http://www.austinmarriottnorth.com/|title=Austin Marriott North|website=Marriott|access-date=May 3, 2017}}</ref> The center is also home to the Texas Guaranteed Student Loan Corporation,<ref>{{cite web|url=http://www.tgslc.org/|title=Tap into the TG learning center |publisher=tgslc.org }}</ref> and [[Emerson Process Management]]. The retail portion is the second-largest outdoor commercial project in the Austin-Round Rock metro area.<ref name=Frontera>{{cite news |first=Shonda | last=Novak | title=Deal is milestone for La Frontera | page=D1 | date=August 30, 2007 | newspaper=[[Austin American-Statesman]] | location=Austin, Texas}} Retrieved May 30, 2010</ref> La Frontera was developed by Bill Smalling and Don Martin, with [[Fort Worth, Texas|Fort Worth]] financier [[Ed Bass]] as financial partner. In 2006, a retail-only hub opened in Round Rock at the corner of IH-35 and Highway 1431 (now renamed "University Boulevard"), across the street from [[IKEA]].<ref>[http://austin.bizjournals.com/austin/stories/2006/11/13/daily20.html "Amid much fanfare, IKEA opens to mass crowd on first day"]'', Austin Business Journal'', Austin, Texas, November 16, 2006. Retrieved on July 7, 2010.</ref> The major-retailer center includes the [[Simon Property Group]]'s Premium Outlets Mall, as well as numerous other retail stores and restaurants. The project was developed by Simon Property Group, with other portions by Barshop and Oles of Austin. Round Rock is also the home of [[Round Rock Donuts]], which was founded in 1926.
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